Bayeh, Antonio; Bitar, Mohammad; Burlacu, Radu; Walker, … - 2022
This paper investigates the different effects of competition and securitization on US bank efficiency between 2001 and 2019. Using Propensity Score Matching (PSM) and a two-step dynamic Generalized Method of Moments (GMM) estimation, we find that higher securitization increases banks’ cost...